Economy


UK Rail Fares Set For Biggest Increase In Five Years In January

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Rail Delivery Group admits the increase is significant but vows to invest 97% of money from fares on improving services. Read more

Wine Producer Warns Britons Could 'starve' Without Migrant Fruit Pickers

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Frazer Thompson, chief executive of Chapel Down, says continued access to European labour after Brexit is crucial. Read more

UK Growth To Remain Muted Amid Brexit Uncertainty And High Inflation, CBI Says

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The business lobby group expects Britain's gross domestic product to expand 1.5% in both 2017 and 2018 before weakening ... Read more

China Criticises US Opposition To WTO Market Economy Status

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US support the European Union in its stance in opposing giving China market status, which has angered Beijing. Read more

Brexit Has Ruined 'Brand Britain', Claims Fortnum & Mason Boss

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Company says it has struggled to recruit the 300 seasonal staff it normally requires around Christmas. Read more

British Consumers 'resolutely Gloomy' About Economic Outlook As Confidence Plummets

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GfK consumer confidence index falls to -12 in November, the lowest level since immediately after Brexit vote. Read more

EU Cap On Bankers' Bonuses Could Be Scrapped After Brexit

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Bank of England Governor Mark Carney hints Britain could tweak the rule once it leaves the European Union. Read more

Rise Of The Machines: Up To 800 Million People Could Be Out Of Jobs Due To Robots By 2030

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One-fifth of current jobs in the UK are expected to be lost to robot automation in just 13 years' time. Read more

Rail Industry Welcomes Government Plans To Reverse Beeching Cuts

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Railway Industry Association says reopening old routes would deliver "huge economic benefits" to the UK. Read more

Car Trade Body Urges Quicker Progress In Brexit Transition Talks

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SMMT president Tony Walker says lack of progress over Brexit is already having an impact on the automotive sector. Read more

Jeremy Corbyn Becoming PM 'would Be Worse Than Brexit' Warns Banking Giant

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US investment bank warns Brexit process is in danger of unravelling and could lead to further bad news for the UK econom... Read more

Manchester And Birmingham Top UK City House Price List In October

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House prices in Manchester rose 7.9% compared to a year earlier in October, while prices in Birmingham were up 7.3%. Read more

UK Economic Growth 'continues To Stabilise' Showing Only 'modest' Brexit Jitters

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Report finds negative impact of Brexit vote is being countered by economic resilience. Read more

London Has Britain's Largest Gender Pay Gap

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Official data shows gender pay gap in the capital has only fallen from 15.1% in 1997 to 14.6% in 2017. Read more

Business Secretary Greg Clark Hails MSD Investment As 'huge Vote Of Confidence' In UK

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MSD's investment would create around 950 jobs in high-skilled and high-value research roles, Clark said. Read more

Vince Cable Accuses Government Of 'dragging Its Heels' In Fight Against Tax Avoidance

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Cable says 'systematic tax avoidance' is causing significant damage to the Treasury and public finances. Read more

Chinese Police Bust $3bn Underground Bank Used By 10,000 People

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Chinese police say they have busted an underground bank used to smuggle a staggering 20 billion yuan ($3 billion) out of... Read more

UK Consumer Confidence Tumbles To Lowest Level Since Brexit Vote

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Slowdown in housing market and Bank of England's rate rise earmarked as the main factors behind a decline in confidence. Read more

Eurozone Economy Heading For Strongest Quarter Since 2011

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The European Union has already upgraded its growth forecast for the eurozone this year to 2.2% Read more

Philip Hammond Admits Britain No Longer Among World's Top Five Economies

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The chancellor said in his Budget speech to parliament that Britain is now "the world's sixth-largest economy". Read more